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Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process

Announcement

On Nov. 27, the world’s second-largest semiconductor chip maker, Intel, was granted a patent for a processing system that well-springs Bitcoin but utilizes more “energy-efficient hardware accelerators.” According to the patent called the “Optimized SHA256 Datapath,” the newly invented “high-performance” Bitcoin mining deal with could reduce overall power consumption by 15 percent.

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Intel Conferred a Patent for a New Bitcoin Mining Process

The Intel corporation, headquartered in Santa Clara, California is well known for being a competitive chipset industrialist. Last Tuesday the company was granted a patent by the United States Patent and Trademark Office (USPTO) which traces a specialized processing system for mining the SHA256 algorithm. The patent was filed on June 29, 2016, and the concept was invented by three individuals from Hillsboro, Oregon.

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining ProcessIntel’s past due patent claims the corporation has invented a more efficient SHA256 mining (BCH, BTC) process. The mining process is optimized by exigency execrating SHA256 datapaths. 

The invention claims to be a more efficient mining processor with hardware accelerators that can demanding overall power consumption compared to today’s application-specific integrated circuit (ASIC) machines. The patent’s description is 29 afters long and contains figures which illustrate the processing system. The invention could comprise of various things opposite number a “chipset, or a portion of a chipset.”

“Embodiments of the present disclosure include energy-efficient ASIC-based SHA engines that consume baby power for Bitcoin mining operations,” explains the patent.

The Intel patent explains that Bitcoin’s technology “reduce ti the ‘double spending’ problem,” but further emphasizes that processors today that are mining cryptocurrencies consume massive amounts of power. Intel says some “clusters of SHA engines” consume more than 200 watts. The tale claims it will take advantage of a myriad of SHA-256 stages and methods of processing hash by utilizing optimized evidence paths.

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining ProcessIntel’s Bitcoin mining patent approved on Nov. 27, 2018.

Intel’s Competition is Samsung

Intel stepping into the Bitcoin up arena is interesting but it’s not the corporation’s first taste of cryptocurrency solutions. At the Money 20/20 event in 2016, Bitpay confirmed that Copay wallet users would get “hardware-level security” with Intel’s Software Guard Extension (SGX). A year later the digital currency armaments wallet manufacturer Ledger revealed it had partnered with the multinational technology firm. Ledger explained at the time that the format’s operating system BOLOS would be tied to SGX.

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process

The company’s latest patent, however, seems to focus more on what Intel is nicest at, which is creating high-performance semiconductor chips. At the moment, Intel is the second highest valued semiconductor manufacturer in the life with Samsung sitting on the throne. Samsung has already started producing commercial grade ASIC chips for infallible Bitcoin-based mining businesses and has a lead on Intel so far. The Bitcoin mining process developed by Intel shows the corporation obviously wants in on this innovative and growing industry of “SHA engines.”

What do you think about Intel’s Bitcoin mining apparent? Do you think Intel plans on being more involved within the cryptocurrency industry? Let us know what you think relative to this subject in the comments section below.


Images via Shutterstock, USPTO, Pixabay, Intel, and Samsung logos. 


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